Judge Refuses To Toss Lawsuit Challenging Musk Pay Package
A Delaware judge has denied Tesla's request to dismiss a shareholder lawsuit over a compensation plan that could net CEO Elon Musk more than $50 billion over the next decade.
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A Delaware judge has denied Tesla's request to dismiss a shareholder lawsuit over a compensation plan that could net CEO Elon Musk more than $50 billion over the next decade.
The Model 3 is only the second all-electric vehicle to receive the award.
A federal safety regulator demanded last fall that Tesla stop claiming the Model 3 is the safest car ever tested. But Tesla has stood by the claim.
Tesla suffered a loss of $408 million during its latest quarter as the company continues to struggle to prove it can make money while producing electric cars at prices that a mass market can afford.
Bay Area-based electric car company Tesla overcame logistics problems to set a quarterly record for deliveries from April through June.
"This will be a better truck than an F-150 in terms of truck-like functionality," Tesla CEO Elon Musk said.
For the year, the share price is down around 40%, largely on concerns Tesla is running out of buyers for its vehicles.
Median pay for S&P 500 CEOs was $12 million last year.
Shares of Bay Area electric carmaker Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up.
KPIX got a preview of Volvo's Polestar 2 before its San Francisco debut. The all-new, all-electric car is meant to compete against the best-selling Tesla Model 3.
Bay Area electric car maker Tesla is investigating after one of its vehicles appeared to explode in China.
Bay Area electric car maker Tesla is hiking prices as it adds autopilot as standard on most of its cars. It's also making it harder for customers to buy its cheapest model.
Sales of electric cars from Bay Area-based Tesla, along with General Motors, could get a boost from a bill introduced this week by a bipartisan group of lawmakers.
A federal judge will hear oral arguments Thursday about whether Tesla CEO Elon Musk should be held in contempt of court.
Tesla is walking back its plan to close most retail stores worldwide in a move the Bay Area-based company says will force it to raise prices on most of its electric vehicles.
Tesla has announced it's now ready to deliver on its promise to make a $35,000 electric car, but it may be laying off sales staff and closing brick and mortar sales showrooms to make it happen.
Tesla is suffering one of its worst sell-offs of the year after the Bay Area car company said it would begin closing all of its stores in favor of selling its electric cars exclusively online.
Tesla says it is now taking orders for the long-awaited $35,000 Model 3, a car for the masses that is essential for the Bay Area-based electric car company to survive.
Elon Musk, CEO of Bay Area based Tesla, has until March 11 to explain to a federal judge in New York why he shouldn't be held in contempt of court.
Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40 percent when interior heaters are used, a new study found.
Bay Area electric car company Tesla is cutting $1,100 from the base price of its car designed for the mass market, the Model 3.
Bay Area electric car company Tesla eked out a small fourth-quarter profit to close 2018, but fell short of Wall Street estimates.
Fremont Police Department announced on Wednesday that it will begin a pilot program to test out a Tesla Model S that is customized for patrol operations.
Bay Area-based electric car maker Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.
Bay Area electric car company Tesla's new manufacturing plant in China is officially under construction.
